Platts, dateline 2014-01-13:
First production from the offshore Kapal, Banang and Meranti Cluster fields offshore peninsular Malaysia began under a Risk Service Contract on December 16, Malaysia’s state-owned Petronas said Monday.
The initial production rate from the cluster averaged more than 10,000 b/d, with peak production of 13,000 b/d, Petronas said.
KBM, which is being developed by Coastal Energy of Houston in an RSC with Malaysian oil services company Petra Energy, is the third RSC to be successfully brought into production following the Balai Cluster and the Berentai fields, Petronas said.
KBM, which started development in mid-2012, is an eight-year development project, Petronas said.
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Wata - Malaysian Oil and Gas Engineer 